Rogers Communications Inc. (NYSE:RCI) Given Consensus Rating of “Hold” by Analysts

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $61.75.

RCI has been the topic of a number of research analyst reports. Bank of America cut Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. Morgan Stanley started coverage on Rogers Communications in a report on Monday, December 16th. They set an “underweight” rating for the company. Finally, Barclays restated an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st.

Hedge Funds Weigh In On Rogers Communications

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in Rogers Communications by 106.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider’s stock valued at $5,383,000 after acquiring an additional 68,971 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of Rogers Communications in the fourth quarter valued at $718,000. Northwest & Ethical Investments L.P. grew its holdings in Rogers Communications by 180.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider’s stock valued at $10,560,000 after purchasing an additional 221,628 shares in the last quarter. Louisbourg Investments Inc. increased its stake in Rogers Communications by 18.9% during the 4th quarter. Louisbourg Investments Inc. now owns 246,470 shares of the Wireless communications provider’s stock worth $7,573,000 after buying an additional 39,156 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Rogers Communications by 107.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 37,436 shares of the Wireless communications provider’s stock worth $1,505,000 after buying an additional 19,378 shares during the period. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Trading Down 2.1 %

Shares of RCI stock opened at $26.71 on Tuesday. The firm’s 50-day simple moving average is $27.94 and its 200-day simple moving average is $32.74. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. Rogers Communications has a 1-year low of $26.57 and a 1-year high of $41.84. The firm has a market cap of $14.32 billion, a P/E ratio of 11.51, a PEG ratio of 1.43 and a beta of 0.67.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. As a group, equities analysts forecast that Rogers Communications will post 3.57 EPS for the current year.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th will be paid a $0.347 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 5.20%. Rogers Communications’s dividend payout ratio (DPR) is currently 59.48%.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.